First time. The 0% offer maxed out at 36 months previously. You still have to give up the $1500 retail cash, but if you would be financing for 60 months anyway, the math may work out better to do 0%.Just saw on the Chrysler website they are offering 0% for 60 months on Pacifica. Was this ever offered before or is it the 1st time?
I think it's $2,000 retail cash if you take non-promotional Chrysler financing (was $2,500 total last month). If you took the $2k and refinanced say $35k elsewhere for 60 months @ 2.24% (what my local credit union is offering), you'd pay about right at $2k in interest. If you pay it off earlier than that, even by just a few months, you'd be better off taking the $2k retail cash.First time. The 0% offer maxed out at 36 months previously. You still have to give up the $1500 retail cash, but if you would be financing for 60 months anyway, the math may work out better to do 0%.
It completely depends on your specific situation. The answer will be very different if you're financing $5000 or $45,000. Generally, I prefer instant rebates over special interest rates because you're guaranteed the savings. If you're adding up the savings in interest over 5 years, you have to actually have the loan for the full 5 years to fully realize those savings. If you trade in the car after 3 years, you probably would have saved more by taking the rebate. $1500 is nothing to sneeze at.Is it better to get the 0% or the $2000 rebate?
$500 of that is Chrysler Capital cash, which you still get if you take the 0% rate. So the difference that you give up by taking that rate is $1500.I think it's $2,000 retail cash if you take non-promotional Chrysler financing
Go to a loan calculator site and do the math for your specific situation. But if you don't keep cars that long, I highly doubt the 0% option is going to be a better deal for you.I can probably get something around 1.5%. That's what they gave me last year when I bought my daughter a Wrangler. But I don't keep my cars that long, so it looks like the rebate is a better deal.
I think you meant 0% for 36 months is for the LX. All other models are 60 months.V
0% seems to be only 36 months on the Limited, 60 months on Touring, T-L, T-L+ and Limited
Not sure I understand. What makes it better than paying cash?Unify FCU is 0.79% for 36 mo. Better than paying cash, that's for sure.
I assume BVM meant that you'd be better off taking the low interest loan and investing your cash into a retirement account or something else that bears a higher interest rate.Not sure I understand. What makes it better than paying cash?